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Net Income Per Common Share
 9 Months Ended
Nov. 02, 2013
Earnings Per Share [Abstract]  
Net Income Per Common Share

(4) Net Income Per Common Share

Basic net income per share is calculated by dividing net income by the weighted average number of shares outstanding during the period. Diluted net income per share is calculated by dividing net income by the weighted average number of shares and, if dilutive, common equivalent shares for stock options, restricted stock awards and restricted stock units outstanding during the period. A reconciliation of the shares used in calculating basic and diluted net income per share is as follows:

 

     Three Months Ended      Nine Months Ended  
     November 2,
2013		      October 27,
2012		      November 2,
2013		      October 27,
2012		  

Weighted Average Common Shares Outstanding—Basic

      7,489,690         7,379,094         7,449,251         7,414,273   

Effect of Dilutive Options, Restricted Stock Awards and Restricted Stock Units

      226,130         82,864         200,763         72,315   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted Average Common Shares Outstanding—Diluted

      7,715,820         7,461,958         7,650,014         7,486,588   
  

 

 

     

 

 

     

 

 

     

 

 

  

For the three and nine months ended November 2, 2013, the diluted per share amounts do not reflect common equivalent shares outstanding of 131,600 and 172,100, respectively, because their effect would have been anti-dilutive, as the exercise price was greater than the average market price of the underlying stock during the period presented. For the three and nine months ended October 27, 2012, the diluted per share amounts do not reflect common equivalent shares outstanding of 595,394 and 654,194, respectively, because their effect would have been anti-dilutive, as the exercise price was greater than the average market price of the underlying stock during the period presented.